A new year presents a fresh opportunity to take stock of the financial condition of your medical business. Given the demands on your time and evolving healthcare regulations, it is understandable if you have some catching up to do.
A taxpayer-friendly provision included in the tax reform package allows bonus depreciation to expand to 100 percent for qualified property placed into service after Sept. 27, 2017, and before Jan. 1, 2023.
Every independent business owner wants to reduce their taxes by taking advantage of allowed business deductions. However, just how much taxpayers take advantage of such deductions has caught the attention of the IRS. If you file a Schedule C for income and related business deductions, it’s important to understand what the IRS is watching for.
California and DC recently joined 34 other states and passed legislation which will now require out-of-state retailers to collect and remit sales tax if the sales or the number of transactions in the states exceed certain thresholds in the preceding…
There has been much discussion among trade and news editors about rising interest rates and their effect on a number of industries. However, when it comes to the commercial real estate and construction industry, there could be a greater disruptor—tariffs….
It might be human nature to procrastinate. It’s definitely not in most accountants’ natures, however. That’s what makes the findings in a recent MorganFranklin poll about the adoption of new revenue recognition and lease accounting standards so surprising. Most companies…
The Tax Cuts and Jobs Act, which became law on December 22, 2017, has attracted the lion’s share of popular interest from taxpayers who focused on its individual and business tax reform changes. That said, there were less publicized international…
Have you thought about your personal tax situation for 2018? In addition to reviewing the adequacy of your payroll withholdings and estimated tax payments, there’s still time to employ some tax-savvy moves that could potentially decrease this year’s tax bill….
As a result of the United States Supreme Court’s decision in South Dakota v. Wayfair, many states have been scrambling to draft sales tax nexus laws which will effectively eliminate the prior physical presence threshold requirements. A number of states…
TODAY, August 27, 2018, is the last day to make contributions to charitable funds that reduce state and local tax liabilities. New regulations will take affect that will limit the charitable deduction. The IRS just released the proposed regulations (REG-112176-18)…